Post
Topic
Board Announcements (Altcoins)
Re: ○ Marscoin [MRS] Colonizing Mars!
by
Luke-Jr
on 31/01/2014, 06:52:27 UTC
Awesome idea, and justifies the creation of an altcoin... but

Awful parameter selection:
  • scrypt is a proven failure.
  • There is no demonstrable benefit to faster blocks.
  • There is no clear standard for a "Mars minute" with which to define block time in (I'd question if this unit even should be defined).
  • Difficulty retarget is probably too fast and will allow luck to influence difficulty a lot.
  • Why change total coin supply?

Additionally, it would really make sense to try to address the shortcomings of Bitcoin with known solutions, in any new altcoin.
I don't see any evidence of that here.. Sad